Middle East Geopolitical Tensions Revive Oil Price Volatility
Geopolitical tensions in the Middle East have reignited concerns over oil supply disruptions through the Strait of Hormuz, pushing Brent crude above $76 per barrel. Renewed U.S.-Iran strikes and a slowdown in shipping traffic are amplifying market fears despite ongoing surplus forecasts from the IEA.
Topics: geopolitical risk Middle East tensions oil prices Strait of Hormuz